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If the UK government gets its way, expat pensioners living abroad will pay considerably more in tax on pensions.
A scheme known as Qualifying Recognised Overseas Pension Scheme (Qrops), which lowers income tax paid on qualifying registered overseas pension schemes to 90 percent of the amount otherwise due, will no longer apply and, from April 6, 2017, 100 percent of income tax will have to be paid, according to a little-noticed proposal in the so-called Autumn Statement by the UK finance minister, the Chancellor of the Exchequer, Philip Hammond.
Pensioners currently paying 36 percent will in future pay 40 percent, if the plans make their way into law.
The architecturally exciting new home of the International University of Monaco has been officially inaugurated by H.S.H. Prince Albert II and National Council President Stéphane Valeri.
A new photo book paying tribute to the 126 people who work behind the scenes at the Prince’s Palace and his private home, Roc Agel, has been released.
Prince Albert has joined a gathering of the entire Red Cross Movement in Geneva for a conference under the theme: ‘Acting today to shape the world of tomorrow’.
Monaco now has four new Ambassadors from Belarus, Malayia, Mali and the European Union.